URGENT: Liberals Must Be Stopped from Enacting Unlimited Emergency Spending Bill!
URGENT Call To Action!
URGENT! The Liberals Must Be Stopped from Enacting Unlimited Emergency Spending Bill!
No sooner had I sent you the report on the Coronavirus (Read Here)and warned of the Liberals enacting some sort of Federal Emergencies Act and they wasted no time. Late Monday Trudeau announced they will enact an Emergency Spending bill which would grant them “wide reaching” new powers to tax and spend without any parliamentary oversight or approval until December 31, 2021. Globe and Mail Report
Due to backlash the Liberals are making changes to the Bill today…but will they be sufficient to protect Canadians?
The government is using the Covid pandemic as an excuse to introduce this Bill. The media described it as “unprecedented”.
What you may not be aware of is that there is a much more serious underlying matter. In the Liberal’s 2016 Budget (Pg. 223) they introduced a “Bank Recapitilization Bail-In Regime”.
- “To protect Canadian taxpayers in the unlikely event of a large bank failure, the Government is proposing to implement a bail-in regime that would reinforce that bank shareholders and creditors are responsible for the bank’s risks—not taxpayers. This would allow authorities to convert eligible long-term debt of a failing systemically important bank into common shares to recapitalize the bank and allow it to remain open and operating”.
Sounds fine right? But in reality what this does is give the bank the power to take your money in the event it finds itself in trouble. If you are not familiar with what happened to the citizens of Cyprus in 2013 I encourage you to read up on it. They were robbed blind by the government, losing over 47% of their savings. The government just swooped in and empty their accounts. People had no access to their bank accounts and were desperate to buy groceries and pay their bills. Read Here
Their life savings, kids college fund was gone and instead they became a creditor of the bank wherein the bank owed them money. This Liberal proposal says “that if the bank has trouble, they can just take your cash, and give you shares in the worthless bank instead”. Read More Here
I could be wrong, but I believe I am correct in connecting these dots. Due to the liberal’s out of control spending we are in the greatest debt crisis in the history of Canada. So where does the government expect to get the money from when they finally realize they’ve run out ….but to use the Bail-In. We cannot afford to allow them “unilateral” spending power.
We must write to every MP, regardless of party. If you know how to send group emails than I request that you sign and send the letter below to every MP on this contact list
Otherwise, please at least sign and send to ‘your’ own MP…simply click Here and key in your postal code.
Thank you for your immediate attention to this matter.
Thank you and God Bless Canada!
Dear Member of Parliament,
It has come to my attention that the Prime Minister intended to pass an unprecedented Emergency Spending Bill which would be in affect until December, 31, 2021 and would give the Liberals the power to act unilaterally for 21 months.
I unequivocally oppose this Bill and demand the government revise the Bill to include “all-party” approval in deciding what financial measures are justified in response to the Covid-19 crisis. And further demand the longevity of the Bill be granted only until such a time that the initial crisis has passed.
In the Liberal’s 2016 Budget (Pg. 223) a “Bank Recapitilization Bail-In Regime” was introduced giving the government the power to use Canadians savings to pay off debt. Should the Liberals succeed and gain the ability to unlimited spending, than the possibility of enacting a bail-in is not a matter of if it will happen, but when it will happen.
The current National Debt is the highest in Canadian history. I no longer trust the Liberals are serving the best interest of Canadians.